Eldorado Real Estate Report – Aug. 2016 – Jn. 2017

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Here is the monthly Eldorado Real Estate Report covering the last six months from August 2016 to January 2017. The inventory of available homes for sale is very low. If you are considering listing your property, now would be an ideal time.

In January:

12 Active Eldorado Properties 

13 Homes Under Contract

19 Sold – this is the ONLY time in the last 13 years there were more solds than active properties. (That is how far back the MLS data goes)

– $175 was the average price per square foot in January. Remember this number depends on a wide range of factors –  the size of the house, age, quality of the finishes, views, heating, construction, etc. The larger the house, the lower the price per square foot. This average has ranged from $175 – $190 in the last six months. Some properties are as low as $119 and as high as $250.

166 were the average days on the market last month. This includes the number of days the property was under contract which is typically 30-45 days.

– 97% is the sales price vs. listing price for January. This is the listing price when the property went under contract, not the original listing price, which may have been higher. This has ranged from 97% – 98% for the last six months. The sooner a property goes under contract, the closer to the listing price the seller is likely to receive.

– 414K was the average listing price last month. The average sales price was 363K.

2 WEEKS of Inventory – which means the length of time it would take to sell all the homes listed in Eldorado at the current rate of sales. Eight months indicates a healthy real estate market. This is extremely low. If you or someone you know is considering listing, and are waiting until the Spring, remember there will be more competition. Price it right and sell it now. 

If you would like to discuss the current state of the Eldorado market, or have questions about this beautiful neighborhood, please let me know.

Number of Homes For Sale vs. Sold vs. Pended (Aug. 2016 – Jan. 2017)
Average Price per SQFT (Sold) (Aug. 2016 – Jan. 2017)
Avg Days On Market & Sold/List Price % (Aug. 2016 – Jan. 2017)
Average Price of For Sale and Sold (Aug. 2016 – Jan. 2017)
Months of Inventory Based on Closed Sales (Aug. 2016 – Jan. 2017)
If your email program is not displaying the chart graphs properly, please click on the following link which will take you to a web page that contains the graphs: Show Chart

*All reports are published February 2017, based on data available at the end of January 2017. All reports presented are based on data supplied by the Santa Fe MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.